JAIPRAKSH POWER VENTURENSE:JPPOWER
fundamental looks good and below scenario might be possible
Technically stock is consolidating between 17 to 21 from last 52 weeks and recently it breaks 21 level. So I will make long position after breakout of 52 weeks which is 24 (if sustain) with stoploss below 21 (if sustain). No position until 24 has been crossed.
NOTE - This is my opinion not recommendation. So do your own analysis and make positions accordingly. Ping me personally if you have long term horizon
Jppowerlong
#JPPOWER long trade idea setup 17/11/23Greetings Folks,
today I have prepared a setup of JPPOWER on NSE
the analysis is as follows-
-The price is speculating near the all time high
- price broke a previous minor high with good volume , now retraced successfully
- price already has tapped in my support zone now ready to break past the BSL
- trendline support is also in our confirmation bias
don't play with fire, always use a predefined stoploss
JP POWER TARGET 21 ?JP power is forming head and shoulder with good divergence on monthly chart on long term we can see a trend change in this share from a long time share is forming lower high pattern now, we can see trend change in this particular script. We can see a high of 21 then see a higher low pattern and we can see this script in uptrend. Power is future .. Cheers..!